FOR IMMEDIATE RELEASE

American Realty Capital Healthcare Trust Reports Third Quarter 2013 Results and
Announces Completion of $642.6 Million in Acquisitions Since June 30, 2013
 
New York, New York, November 13, 2013 - American Realty Capital Healthcare Trust, Inc. (“ARCHT” or the “Company”) announced today that modified funds from operations (“MFFO”), as defined by the Investment Program Association (“IPA”), for the quarter ended September 30, 2013, increased 209.3% to $13.3 million from $4.3 million for the quarter ended September 30, 2012. (See non-GAAP tabular reconciliations and accompanying notes contained within this release for additional information.)
“We had our most productive quarter on the investment front since we commenced our public offering. We took advantage of favorable market dynamics by adding $642.6 million of high quality health care assets during the quarter and subsequent to quarter end,” said Thomas P. D'Arcy, Chief Executive Officer of American Realty Capital Healthcare Advisors, LLC, the Company’s advisor. Mr. D'Arcy added, “The growth in our portfolio, coupled with the continued strong performance of our balanced and diversified portfolio of medical office buildings, private pay senior housing and hospital assets, drove the Company to record levels of revenue and MFFO, all while maintaining one of the strongest capital positions in our industry.”
Third Quarter 2013 and Subsequent Events Highlights

During the quarter ended September 30, 2013, the Company acquired 19 medical office buildings, 12 senior housing facilities, two hospitals and one land parcel, representing an aggregate purchase price of $536.5 million. As of September 30, 2013, the Company owned a total of 103 properties containing 5.1 million rentable square feet purchased for an aggregate purchase price of $1.4 billion, with an average age from construction or renovation of 11.8 years. As of September 30, 2013, the properties were 96.8% leased on a weighted average basis and have an average remaining lease term of 9.9 years, excluding the senior living facility operating portfolio. Subsequent to quarter end, during the period from October 1, 2013 to November 13, 2013, the Company made additional investments, which included three senior living facilities, one hospital and one medical office building, representing an aggregate purchase price of $106.1 million. As of November 13, 2013, the Company's aggregate portfolio consists of 108 properties with a base purchase price of $1.5 billion.

For the quarter ended September 30, 2013, the Company generated total revenues of $34.1 million (calculated in accordance with generally accepted accounting principles (“GAAP”)) compared to $10.2 million for the second quarter ended September 30, 2012, representing an increase of 234.3%.

As of September 30, 2013, the Company's secured debt leverage ratio (total secured debt divided by base purchase price of acquired assets) was 17.0%.

On July 24, 2013, the Company entered into an unsecured amended and restated credit agreement (the "Amended Facility") which allows for total borrowings of up to $755.0 million, comprised of a $500.0 million term loan component and a $255.0 million revolving loan component. The Amended Facility also contains a subfacility for letters of credit of up to $25.0 million. The Amended Facility contains an “accordion feature” to allow the Company, under certain circumstances, to increase the aggregate term loan borrowings under the Amended Facility to up to $750.0 million and the aggregate revolving loan borrowings to up to $450.0 million, or up to $1.2 billion of total borrowings.



The following information was filed by American Realty Capital Healthcare Trust Inc on Thursday, November 14, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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